Quote:
Originally Posted by meanieme
Can some agents here share insight on where buyers are coming from since market still seems so hot even during this pandemic with high unemployment and economic uncertainty. Who's buying the houses? Investors? Out of state transplants? First time home owners? Upgraders?
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To answer the above question...From January to today, I've had 1 buyer moving here from Charlotte, 3 first time homebuyers moving from rentals to buying their first home, 2 buyers downsizing from larger homes within Wake County, buying smaller homes within Wake County and 6 buyers buying larger homes within Wake County and selling their smaller homes (which are selling in a day or so).
My experience may not tell the whole story since, after all these years, I work with my previous clients and referrals, mostly.
And for the poster that asked about lenders verifying information...my lenders are telling me that they are pulling credit within 24 hours of closing AND...verifying employment within 24 hours of closing. I'm alerting my buyers to this so they can make sure someone within their company is available to fill out the Verification of Employment and get it back to the lender asap.
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